Form 4: Merchants Bancorp Executive Jerry F. Koors Reports Stock Transaction

Jerry F. Koors, Merchants Bancorp's Merchants Mortgage President, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On February 1, 2025, Jerry F. Koors, President of Merchants Mortgage at Merchants Bancorp, disposed of 2,881 shares of common stock to cover tax withholding obligations.
• The transaction was executed at a price of $41.93 per share.
• Following the transaction, Koors directly owns 41,693 shares of common stock and indirectly owns 18,007 shares through an IRA.
• The directly held shares include 12,493 unvested restricted stock units vesting on February 1, 2026 (6,201 shares), February 1, 2027 (4,599 shares), and February 1, 2028 (1,693 shares).
• Koors also owns 400 Series C Depositary Shares directly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Merchants Bancorp, MBIN, Jerry F. Koors, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding